MARKET REPORT Ӏ SECONDHAND
Several projects in various countries came to a standstill or
were postponed last year, resulting in a decrease in demand in 2020 for used cranes. Demand for new rental cranes was lower than expected. But the market recovered quite well and last year’s
postponed projects are being carried out this year, said Tiemen Reitsma, international sales manager at Hovago
that there are many inquiries from Egypt and Mozambique for refinery constructions. The oil and gas industry recovery triggers demand for used younger cranes, particularly from customers in Saudi Arabia and Qatar. Talking specifically about the Middle East, he says crane rental companies have changed their purchase strategies since the oil shock in 2014. The low number of new projects led to a large number of cranes being underutilised, triggering an influx of used machines in the secondary market, as companies divested assets to re-adjust their balance sheet. Kraaijeveld explains that
now many companies in the region opt for used cranes when they decide to expand their fleet because of the lower total cost of ownership and more immediate availability. It creates opportunities for reserved and unreserved auction channels. He says that companies serving the oil and gas sector choose two or three-year-old machines because there is an age limit of ten years for related contracts. Some crane rental companies
in the region that serve civil projects have started purchasing new Chinese cranes. “We see more end-users buying these cranes as the initial procurement cost is lower compared to the other brands. Nonetheless, European, Japanese, and
CRANES TODAY 39
A used Kobelco CK1100G-2 crawler crane recently sold by Bigge Crane and Rigging.
American manufactured cranes are still very popular among crane businesses.”
In terms of the most popular used mobile cranes, Kraaijeveld says that all-terrain cranes between 60t and 250t are among the most sought after. At Hovago they find that demand for all terrain cranes between 100t and 300t is high. Reitsma says: “And we definitely see an increase in demand for telecrawlers. That market has never been so alive as now. Furthermore we see some demand for rough terrain cranes in Europe. Might that lead to a conclusion that Europe is finally discovering that RTs are a great solution for certain projects?”
He says the machines
experiencing a drop in demand are all terrain cranes below 70t capacity. A possible reason for this, according to Reitsma, is that assist cranes requested for wind projects are usually of higher capacity, 200t class and above. “And the smaller cranes are kept in local fleets for the taxi rental,” he added. Select Crane Sales, established in August 2016, specialises in the sale of new and used cranes including all terrain cranes, hydraulic truck cranes, carry deck cranes, boom trucks, rough terrain cranes, crawler cranes, and tower cranes. It has two full service locations in
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